FRANKLIN RESOURCES INC reported the quarter ended March 31, 2026 results: revenue $2,294.9, net income $268.2 million or $0.49 per diluted share, EPS $0.49 per diluted share.
“Ended % Change Quarter Ended % Change 31-Mar-26 31-Dec-25 Qtr. vs. Qtr. 31-Mar-25 Year vs. Year Financial Results (in millions, except per share data) Operating revenues $ 2,294.9 $ 2,327.1 (1 %) $ 2,111.4 9 % Operating income 323.3 281.0 15 % 145.6 122 % Operating margin 14.1 % 12.1 % 6.9 % Net income 1 $ 268.2 $ 255.5 5 % $ 151.4 77 % Diluted earnings per”
Material Agreements
FRANKLIN RESOURCES INC amended Joinder and Commitment Increase Agreement with Bank of America, N.A., Mizuho Bank, Ltd., Royal Bank of Canada, The Bank of New York Mellon valued at Increased aggregate commitments by $400,000,000 to $1,500,000,000 (effective 2025-12-11).
“On December 11, 2025, Franklin Resources, Inc., a Delaware corporation (the “Company”), entered into a Joinder and Commitment Increase Agreement (the “Joinder Agreement”), by and among the Company, as borrower, Mizuho Bank, Ltd., Royal Bank of Canada, The Bank of New York Mellon, each of the other Lenders party thereto and Bank of America, N.A., as administrative agent, which amends the Amended and Restated Credit Agreement (the “Credit Agreement”), dated as of April 30, 2025, by and among the Company, as borrower, the financial institutions from time to time party thereto, as lenders, and Bank of America, N.A., as administrative agent.”
Governance Changes
FRANKLIN RESOURCES INC: The Board approved Amended and Restated Bylaws adding a new Section 7.9 regarding forum selection, designating the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain actions (effective 2025-07-08).
“Effective July 8, 2025, the Company’s Board approved Amended and Restated Bylaws (the “Bylaws”), adding a new Section 7.9 regarding forum selection to provide that, unless the Board of Directors consents to the selection of an alternative forum, the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain actions involving the Company or its directors, officers, employees or agents.”
Earnings Releases
FRANKLIN RESOURCES INC reported the quarter ended March 31, 2024 results: revenue $ 2,152.8, net income $ 124.2, EPS $0.23 per diluted share.
“Ended % Change Quarter Ended % Change 31-Mar-24 31-Dec-23 Qtr. vs. Qtr. 31-Mar-23 Year vs. Year Financial Results (in millions, except per share data) Operating revenues $ 2,152.8 $ 1,991.1 8 % $ 1,927.2 12 % Operating income 129.3 206.5 (37 %) 255.1 (49 %) Operating margin 6.0 % 10.4 % 13.2 % Net income1 $ 124.2 $ 251.3 (51 %) $ 194.2 (36 %) Diluted”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved Approve an amendment and restatement of the 2002 Universal Stock Incentive Plan.
“3. To approve an amendment and restatement of the 2002 Universal Stock Incentive Plan. The Amended and Restated 2002 Universal Stock Incentive Plan was approved, and the voting results are set forth below:”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending September 30, 2024 at the 2024-09-30 meeting.
“2. To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. The appointment of PricewaterhouseCoopers LLP was ratified, and the voting results are set forth below:”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved Election of 11 directors to hold office until next annual meeting or until successor is elected.
“1. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal. Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Lindsey H. Oshita was appointed as Chief Accounting Officer at FRANKLIN RESOURCES INC.
“On February 6, 2024, the Board appointed Ms. Lindsey H. Oshita, currently Senior Vice President and Chief Accounting Officer – Americas for the Company, as Chief Accounting Officer and the principal accounting officer of the Company.”
Gwen L. Shaneyfelt was removed as executive vice president at FRANKLIN RESOURCES INC.
“On February 6, 2024, the Board of Directors (the “Board”) of Franklin Resources, Inc. (the “Company”) removed Ms. Gwen L. Shaneyfelt as Chief Accounting Officer of the Company pursuant to various organizational changes.”
Earnings Releases
FRANKLIN RESOURCES INC reported the quarter ended December 31, 2023 results: net income $251.3 million, EPS $0.50 per diluted share.
“Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023”
Earnings Releases
FRANKLIN RESOURCES INC reported the fourth fiscal quarter and fiscal year ended September 30, 2023 results: net income $295.5 million or $0.58 per diluted share, EPS $0.58 per diluted share.
“Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced preliminary net income 1 of $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023, as compared to $227.5 million or $0.44 per diluted share for the previous quarter, and $232.7 million or $0.46 per diluted share for the quarter ended September 30, 2022. Preliminary net income 1 for the year ended September 30, 2023 was $882.8 million or $1.72 per diluted share, as compared to $1,291.9 million or $2.53 per diluted share for the prior year.”
Debt Financings
FRANKLIN RESOURCES INC incurred revolving credit of $800,000,000 with Bank of America, N.A. (as administrative agent) and the lenders at Term SOFR plus an applicable margin ranging from 0.625% to 1.25% maturing five years from the Closing Date.
“given to them in the New Revolving Credit Agreement. The New Revolving Credit Agreement provides for a five-year revolving credit facility (the “Revolving Credit Facility”) with $800,000,000 of aggregate commitments and, as of the Closing Date, there were no amounts outstanding under the New Revolving Credit Agreement. Amounts outstanding under the New Revolving”
Material Agreements
FRANKLIN RESOURCES INC terminated Term Loan with Bank of America, N.A. valued at $300.0 million term loan credit agreement terminated (effective 2023-07-25).
“Concurrently with entering into the New Revolving Credit Agreement, on July 25, 2023, the Company terminated (i) its $500.0 million revolving credit agreement (the "Original Credit Agreement") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 7, 2023 and (ii) its $300.0 million term loan credit agreement (the "Term Loan") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 8, 2025.”
Material Agreements
FRANKLIN RESOURCES INC terminated Original Credit Agreement with Bank of America, N.A. valued at $500.0 million revolving credit agreement terminated (effective 2023-07-25).
“Concurrently with entering into the New Revolving Credit Agreement, on July 25, 2023, the Company terminated (i) its $500.0 million revolving credit agreement (the "Original Credit Agreement") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 7, 2023 and (ii) its $300.0 million term loan credit agreement (the "Term Loan") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 8, 2025.”
Material Agreements
FRANKLIN RESOURCES INC entered into New Revolving Credit Agreement with Bank of America, N.A. valued at $800,000,000 revolving credit facility (effective 2023-07-25).
“On July 25, 2023 (the "Closing Date"), Franklin Resources, Inc., a Delaware corporation (the "Company"), entered into a new Credit Agreement (the "New Revolving Credit Agreement"), by and among the Company, as borrower, the financial institutions from time to time party thereto, as lenders, and Bank of America, N.A. ("Bank of America"), as administrative agent.”
Earnings Releases
FRANKLIN RESOURCES INC reported third fiscal quarter ended June 30, 2023 results: net income $227.5 million, EPS $0.44 per diluted share.
“Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved Advisory vote on frequency of say-on-pay votes.
“a majority of the shares that were voted approved to hold an advisory vote every three years on whether stockholders approve the compensation of the Company’s named executive officers.”
Earnings Releases
FRANKLIN RESOURCES INC reported the quarter ended March 31, 2023 results: net income net income 1 of $194.2 million, EPS $0.38 per diluted share.
“San Mateo, CA, May 1, 2023 – Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $194.2 million or $0.38 per diluted share for the quarter ended March 31, 2023”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved To hold an advisory vote on how frequently stockholders believe the Company should obtain future advisory votes on the compensation of the Company's named executive officers..
“To hold an advisory vote on how frequently stockholders believe the Company should obtain future advisory votes on the compensation of the Company's named executive officers. A majority has approved to hold an advisory vote every three years on whether stockholders approve the compensation of the Company's named executive officers. 1 year 2 years 3 years Abstain 176,478,564 651,758 234,946,943 440,589”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved To approve, on an advisory basis, the compensation of the Company's named executive officers..
“To approve, on an advisory basis, the compensation of the Company's named executive officers. The compensation of the Company's named executive officers was approved, on an advisory basis, and the voting results are set forth below: For Against Abstain 387,292,965 24,860,356 364,533”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023. at the 2023-09-30 meeting.
“To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023. The appointment of PricewaterhouseCoopers LLP was ratified, and the voting results are set forth below: For Against Abstain 441,966,074 4,826,752 230,019”
Shareholder Votes
FRANKLIN RESOURCES INC shareholders approved To elect 11 directors to the Board of Directors of the Company to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal..
“Each of the 11 nominees for director was elected, and the voting results are set forth below: Name of Director For Against Abstain Broker Non-Votes Mariann Byerwalter 407,581,888 4,635,432 300,534 34,504,991 Alexander S. Friedman 407,248,832 4,965,863 303,159 34,504,991 Gregory E. Johnson 407,733,881 4,574,639 209,334 34,504,991 Jennifer M. Johnson 410,306,690 2,035,089 176,075 34,504,991 Rupert H. Johnson, Jr. 410,217,552 1,999,663 300,639 34,504,991 John Y. Kim 406,849,896 5,370,811 297,147 34,504,991 Karen M. King 410,148,334 2,073,276 296,244 34,504,991 Anthony J. Noto 407,571,200 4,686,560 260,094 34,504,991 John W. Thiel 409,797,207 2,436,367 284,280 34,504,991 Seth H. Waugh 409,406,995 2,828,794 282,065 34,504,991 Geoffrey Y. Yang 393,082,875 19,153,259 281,720 34,504,991”
Earnings Releases
FRANKLIN RESOURCES INC reported the year ended September 30, 2022 results: revenue $8,275.3, net income $1,291.9 million, EPS $2.53 per diluted share.
“30-Jun-22 Qtr. vs. Qtr. 30-Sep-21 Year vs. Year 2022 2021 Financial Results (in millions, except per share data) Operating revenues $ 1,939.0 $ 2,031.3 (5 %) $ 2,181.0 (11 %) $ 8,275.3 $ 8,425.5 (2 %) Operating income 348.5 404.7 (14 %) 531.5 (34 %) 1,773.9 1,875.0 (5 %) Operating margin 18.0 % 19.9 % 24.4 % 21.4 % 22.3 % Net income1 $ 232.7 $ 256.4 (9 %) $”
Earnings Releases
FRANKLIN RESOURCES INC reported the quarter ended September 30, 2022 results: revenue $1,939.0, net income $232.7 million, EPS $0.46 per diluted share.
“Year Ended September 30, % Change 30-Sep-22 30-Jun-22 Qtr. vs. Qtr. 30-Sep-21 Year vs. Year 2022 2021 Financial Results (in millions, except per share data) Operating revenues $ 1,939.0 $ 2,031.3 (5 %) $ 2,181.0 (11 %) $ 8,275.3 $ 8,425.5 (2 %) Operating income 348.5 404.7 (14 %) 531.5 (34 %) 1,773.9 1,875.0 (5 %) Operating margin 18.0 % 19.9 % 24.4 % 21.4 % 22.3”
Matthew Nicholls was appointed as Chief Operating Officer at FRANKLIN RESOURCES INC.
“On April 11, 2022, the Board of Directors (the “Board”) of Franklin Resources, Inc. (the “Company”) appointed Mr. Matthew Nicholls, currently Executive Vice President and Chief Financial Officer of the Company, to the additional role of Chief Operating Officer of the Company, effective April 15, 2022.”
Karen M. King was elected as Director at FRANKLIN RESOURCES INC.
“Effective July 1, 2021, the Board of Directors (the “Board”) of Franklin Resources, Inc. (the “Company”) elected Karen M. King to serve as a director of the Company, increasing the size of the Board from 10 to 11.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.